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MDM Inc. is considering factoring its receivabbles. The firm has credit sales of $400,000 per month and has an average receivables balance of $800,000 with 60-day credit terms. The factor has offered to extend credit equal ot 90% of the receivables factored less interest on the loan at the rate of 1.5% per month. The 10% difference in the advance and the face value of all receivables factored consists of a 1% factoring fee plus a 9% reserve, which the factor maintains. In addition, if MDM Inc. decides to factor its receivables, it will sell them all so that it can reduce its credit department costs by $1,500 a month. A) What is the cost of borrowing the maximum amount of credit available to MDM Inc. through the factoring agreement?
What is the present value of the security which will pay $ 85,000 in 20 years if securities of equal risk pay 4% annually?
Illustrate what is the geometric return. Illustrate what is the sample standard deviation of the above returns.
Data for Stone Company for a recent year is given below: the manager is evaluated on return on investment will she accept an investment that pay 12 percent.
Alice Longtree has decided to invest $400 quarterly for 4 years in an ordinary annuity at 8%. As her financial adviser, calculate for Alice the total cash value of the annuity at the end of year 4.
Explain what is the value of ETC according to MM with corporate taxes and What is ETC's value
Calculate the present value of $1,000 to be received ten years from now if the required real rate of return is 3 percent compounded yearly and the expected rate of inflation is 5 percent compounded yearly?
Wholesale firm manufactures circuit breaker containers. The equipment operator stamps 15 containers from each strip of aluminum. Per strip costs $1.15.
Why might a firm use a "local" capital structure at the particular subsidiary which differs substantially from its "global" capital structure?
What are some sources of short-term, medium-term, and long-term international financing? What are the costs associated with each of these sources?
Sims Corporation originally issued 2,000 shares of $10 par value common stock for $60,000. Sims subsequently purchases 200 shares of treasury stock for $27 per share and sells the 200 shares of treasury stock for $29 per share.
Determine the future value of $1,000, placed in a saving account for four years if the account pays 8 percent, compounded quarterly?
Identify one situation at McGro & Associates that could benefit from contribution margin analysis.
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